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Generic injectables are bio-equivalents of their branded counterparts which are not protected by drug patents. They are as safe and effective as the innovator drugs since they have similar active ingredient, dosage, strength, quality, form, etc. Although the manufacturing of generic injectables is complex, their R&D cycle is cheaper and shorter. Unlike branded drug manufacturers who spend millions of dollars on R&D and marketing, generic drug manufacturers do not require such investments. Moreover, the number of competitors in the generic injectables market is lower as compared to oral generics, resulting in limited price erosion and significantly higher profit margins.
Global Generic Injectables Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts
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Generic Injectables Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2018
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Generic Injectables Market Assessment Analysis: Before and After COVID-19 Crisis Impact A cost of US$ 5-8 Bn is incurred in the development of drug formulations, owing to stringent government regulations that ensure safety and efficacy of preclinical and clinical trials.
BriefingWire.com, 12/22/2020 - With 1000+ market research reports and 1 billion+ data points, Fact.MR serves each and every requirement of the clients operating in the global packaging industry. Fact.MR deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.